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EQT to accumulate VetPartners, the main supplier of veterinary and animal well being companies throughout a community of 267 common observe clinics and specialty hospitals in Australia and New Zealand
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With a group of greater than 1,300 extremely expert vets and over 3,000 nurses and scientific help workers, VetPartners supplies high-quality healthcare companies for animals
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Drawing on its international animal well being expertise, EQT will help VetPartners’ healthcare practitioners in specializing in animal care, whereas investing considerably in diagnostic tools, expertise, innovation, recruitment and continued skilled improvement – for the advantage of pets and their pet dad and mom
SYDNEY, Oct. 11, 2023 /PRNewswire/ — EQT is happy to announce that BPEA Private Equity Fund VIII (“EQT”) has agreed to accumulate VetPartners (the “Company”), from National Veterinary Associates, Inc. (“NVA”).
Founded in 2016, VetPartners is the biggest supplier of veterinary companies in Australia and New Zealand, with a rising presence in Singapore. Via a community of community-based common observe clinics and specialty hospitals, VetPartners’ scientific workforce present compassionate pet care throughout greater than 3.2 million visits every year. The care supplied ranges from basic preventative healthcare recommendation and companies, by means of to greater acuity complicated surgical procedure.
Drawing on its international expertise within the animal well being sector, by way of this standalone funding EQT will help VetPartners’ medical professionals to proceed to ship the highest-quality scientific outcomes to the animals entrusted to their care. EQT is dedicated to speculate considerably to make sure VetPartners’ scientific groups have access to the latest medical tools, digital instruments and innovation capabilities. EQT additionally intends to supply vital funding to additional VetPartners’ mission to make sure a sustainable and optimistic work surroundings for its frontline groups, by way of a concerted concentrate on recruitment initiatives, enhanced coaching, continued skilled improvement and psychological well being packages.
Mark Jeffery, CEO of VetPartners, says, “We are delighted to welcome EQT as a companion given their robust international observe report in animal well being and healthcare extra broadly. Together, we are going to proceed to be an advocate for the development of the veterinary career, fostering a collegiate group of execs delivering the highest-quality healthcare companies to pet dad and mom within the area with a standard mission to enhance the consolation and well-being of animals.”
Dr Brett Hodgkin, Chief Veterinary Officer of VetPartners, says, “I’m excited by the chances that right this moment’s announcement will deliver to the well being, well-being, and welfare of the animals we serve. We imagine that along with our new funding companion EQT, we will drive optimistic change in animal well being outcomes, whereas additionally striving to build group clinics and hospitals which are an employer of alternative for our vets, nurses and all 4,300 animal advocates inside our workforce.”
David Forde, Investment Advisor and Co-Head of EQT Private Equity ANZ, concluded, “We have been extremely impressed by the VetPartners organisation, and the main position it has constructed within the area by means of its partnership with over 1,300 passionate vets and over 3,000 nurses and scientific help workers serving their native communities. As one of many main international animal well being traders, EQT is uniquely positioned to help VetPartners’ continued development and sustained supply of high-quality healthcare for the pets that households cherish.”
The transaction is topic to customary circumstances and approvals. It is predicted to shut across the finish of the calendar 12 months.
With this transaction, BPEA VIII is predicted to be 35-40 % invested (together with closed and/or signed investments, introduced public provides, if relevant, and fewer any anticipated syndication) based mostly on the right track fund dimension and topic to customary regulatory approvals.
Contacts
Australian media inquiries: [email protected], +61 401 278 906
EQT Press Office, [email protected]
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